Cup and handle breakout in auto sector stockAshok leyland has been consolidating in a cup and handle pattern since 2019 and is on the verge of a breakout.
A weekly closing above 170 will confirm the breakout which will the stock to 200+ levels in short time. Stock is looking bullish and can be added on dips upto 155 with a SL of 144 DCB.
Chart looks similar to Midhani which gave a sharp upmove after breakout
Note:-Idea is shared for educational purposes and should not be considered as a recommendation.
